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TEST BANK for Business and Society 17th Edition by Lawrence & Weber, ISBN: 9781265079246, All 19 Chapters Covered, Verified Latest Edition $16.49   Add to cart

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TEST BANK for Business and Society 17th Edition by Lawrence & Weber, ISBN: 9781265079246, All 19 Chapters Covered, Verified Latest Edition

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  • Business And Society: Stakeholders, Ethics, Public

TEST BANK for Business and Society 17th Edition by Lawrence & Weber, ISBN: 9781265079246, All 19 Chapters Covered, Verified Latest Edition TEST BANK for Business and Society: Stakeholders, Ethics, Public Policy 17th Edition by Lawrence & Weber, ISBN: 9781265079246, All 19 Chapters Covered, Verified...

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  • November 8, 2024
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  • Business and Society: Stakeholders, Ethics, Public
  • Business and Society: Stakeholders, Ethics, Public
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TEST BANK
Business and Society: Stakeholders,
Ethics, Public Policy, 17th Edition
By Lawrence, Weber, All Chapters 1 - 19

,TABLE OF CONTENTS XD XD




Chapter 1: The Corporation and Its Stakeholders
XD XD XD XD XD XD




Chapter 2: Managing Public Issues and Stakeholder Relationships
XD XD XD XD XD XD XD




Chapter 3: Corporate Social Responsibility and Global Citizenship
XD XD XD XD XD XD XD




Chapter 4: Business in a Globalized World
XD XD XD XD XD XD




Chapter 5: Ethics and Ethical Reasoning
XD XD XD XD XD




Chapter 6: Organizational Ethics
XD XD XD




Chapter 7: Business–Government Relations
XD XD XD




Chapter 8: Influencing the Political Environment
XD XD XD XD XD




Chapter 9: Sustainable Development and Global Business
XD XD XD XD XD XD




Chapter 10: Managing for Sustainability
XD XD XD XD




Chapter 11: The Role of Technology
XD XD XD XD XD




Chapter 12: Regulating and Managing Technology
XD XD XD XD XD




Chapter 13: Shareholder Rights and Corporate Governance
XD XD XD XD XD XD




Chapter 14: Consumer Protection
XD XD XD




Chapter 15: Employees and the Corporation
XD XD XD XD XD




Chapter 16: Managing a Diverse Workforce
XD XD XD XD XD




Chapter 17: Business and Its Suppliers
XD XD XD XD XD




Chapter 18: The Community and the Corporation
XD XD XD XD XD XD




Chapter 19: Managing the Public and the Corporate Reputation
XD XD XD XD XD XD XD XD

,Chapter 1: The Corporation and Its Stakeholders
XD XD XD XD XD XD




Answers are at the end of Each chapter
XD XD XD XD XD XD XD D
X




Student name: XD XD




TRUE/FALSE - Write 'T' if the statement is true and 'F' if the statement is false.
XD XD XD XD XD XD XD XD XD XD XD XD XD XD XD




1) A business is any organization that is engaged in making a product or providing a s
XD XD XD XD XD XD XD XD XD XD XD XD XD XD XD



ervice fora profit.
XD D
X XD




⊚ true X D




⊚ false X D




2) The term stakeholder refers exclusively to the founders of a business organization.
XD XD XD XD XD XD XD XD XD XD XD




⊚ true X D




⊚ false X D




3) Businesses and society are independent of each other.
XD XD XD XD XD XD XD



⊚ true X D




⊚ false X D




4) The stakeholder theory of the firm argues that a firm’s sole purpose is to creat
XD XD XD XD XD XD XD XD XD XD XD XD XD XD




e long-termvalue for its shareholders.
XD D
X XD XD XD




⊚ true X D




⊚ falseX D




5) The instrumental argument for the stakeholder theory of the firm says that
XD XD XD XD XD XD XD XD XD XD XD XD




companiesperform better if they consider the rights and concerns of multipl
D
X XD XD XD XD XD XD XD XD XD XD




e groups in society.
XD XD XD




⊚ true X D




⊚ false X D




6) The normative argument for the stakeholder theory of the firm says that the stake
XD XD XD XD XD XD XD XD XD XD XD XD XD




holder viewis simply a more realistic description of how companies really work.
XD D
X XD XD XD XD XD XD XD XD XD XD




⊚ true X D




⊚ false X D

, 7) Nonmarket stakeholders are those that engage in economic transactions with the
XD XD XD XD XD XD XD XD XD XD XD




company asit carries out its primary purpose of providing society with goods and s
XD D
X XD XD XD XD XD XD XD XD XD XD XD XD



ervices.
⊚ true X D




⊚ false X D




8) Market stakeholders include nongovernmental organizations and business support gr
XD XD XD XD XD XD XD XD



oups.
⊚ X D true
⊚ X D false

9) Government can be considered both a market and a nonmarket stakeholder.
XD XD XD XD XD XD XD XD XD XD




⊚ true X D




⊚ false X D




10) The interests of different stakeholders often coincide.
XD XD XD XD XD XD




⊚ true X D




⊚ falseX D




11) The first step of stakeholder analysis is to identify relevant stakeholders.
XD XD XD XD XD XD XD XD XD XD



⊚ true X D




⊚ falseX D




12) Some scholars have suggested that managers pay the most attention to st
XD XD XD XD XD XD XD XD XD XD XD




akeholderspossessing the least salience.
D
X XD XD XD




⊚ true X D




⊚ false X D




13) The organization of a corporation’s boundary-spanning functions is complex.
XD XD XD XD XD XD XD XD




⊚ true X D




⊚ falseX D




14) Businesses are increasingly trying to meet their commitments to multiple stakeholde
XD XD XD XD XD XD XD XD XD XD



rs.
⊚ X D true
⊚ X D false

15) The external environment of business is static.
XD XD XD XD XD XD



⊚ true X D




⊚ falseX D

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